TortoiseEcofin Acquisition III Balance Sheet Health
Financial Health criteria checks 0/6
TortoiseEcofin Acquisition III has a total shareholder equity of $-12.7M and total debt of $1.9M, which brings its debt-to-equity ratio to -15.4%. Its total assets and total liabilities are $185.7M and $198.4M respectively.
Key information
-15.4%
Debt to equity ratio
US$1.95m
Debt
Interest coverage ratio | n/a |
Cash | US$165.69k |
Equity | -US$12.67m |
Total liabilities | US$198.40m |
Total assets | US$185.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRTU.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TRTU.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TRTU.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TRTU.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TRTU.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TRTU.F's interest payments on its debt are well covered by EBIT.